Xu Ning and Chen Dong: The Dilemma and Suggestions of Technological Innovation of Private Enterprises in China

Release time:2023-07-19Author: Xu Ning and Chen Dong

The report of the 20th National Congress of the CPC proposes that we should improve the scientific and technological innovation system, and accelerate the implementation of the innovation-driven development strategy. As an important part of the socialist market economy system with Chinese characteristics, private enterprises are major participants in China's scientific and technological innovation system, providing great power for the implementation of the innovation-driven development strategy.


This article conducts a survey on the scientific and technological innovation situation of private enterprises in the Yangtze River Delta, and summarizes current difficulties faced by private enterprises, mainly including the following 8 points.

1. The performance declines, leading to the weakened innovation.

2. There is a lack of original technological achievements.

3. The synergy of scientific and technological innovation is poor.

4. There is a lack of technological innovation talents.

5. The innovation service system is far from perfect. 

6. The support of financing system for innovation is insufficient.

7. The cost reduction is not precise and effective enough.

8. The protection of legitimate rights and interests needs improvement.


Based on above difficulties, this article proposes several suggestions on how to promote the role of private enterprises in the scientific and technological innovation.

1. Clarify the positioning of private enterprises in the scientific and technological innovation.

2. Strengthen the strategic support of the new system for mobilizing resources nationwide.

3. Construct a technical service system utilizing both the platform and the market.

4. Optimize the funding support models for various financial markets.

5. Provide a high-level and multi-dimensional comprehensive talent security system.

6. Form a high-quality and stereoscopic institutional supply.